Managers of Wealth Africa

IMF cuts SA's 2020 growth forecast

South Africa's downward revision pulled down growth expected for the sub-Saharan Africa region, where growth is expected to tick in at 3.5%.

Britain’s CDC adds $400m of investments in Africa push

This comes as British Prime Minister Boris Johnson calls for deeper links between Britain and Africa.

Equatorial Guinea Speeds Up Year of Investment Drive with Nigerian Investors

The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith Bank

T-bill uptake declines after reopening of two bonds

The Treasury has reopened the 10-year and five-year bonds targeting Sh50 billion.

Nigerian lender to inject fresh capital into Transnational Bank

It will be paid for in cash so we have taken out the existing shareholders and we will basically inject a bit more equity into the institution.

South Africa Readies Asset Sales as SAA Faces Funding Crisis

The ruling African National Congress and its communist and labor-union allies want the state to control assets that can support development, while protecting jobs.

SoftBank offers to invest $40 billion in Indonesia’s capital

Last week, Indonesia secured $22.8 billion from the UAE to launch its first sovereign wealth fund as the Southeast Asian nation seeks to finance billions of dollars of infrastructure and energy projects.

Nigeria: Expert projects 2.2 per cent GDP growth in 2020

Multiple exchange rates would persist, a high possibility of more forex restrictions and inflation to average 11.3 per cent to 11.5 per cent in 2020.

Ensuring the Benefits of Capital Flows in the Middle East

But the region’s economies must do more work to ensure the benefits of portfolio inflows while securing more stable and growth-friendly foreign direct investment, our research shows.

Nigeria’s pension industry squeezed as risk outlook for banks worsens

Neither can the pension funds invest in banks that do not pay dividends, while investing in foreign assets requires an “almost presidential level of approval”.

Reinsurance is growing; what does this mean to consumers

The move, he said, is expected to increase opportunities for KenyaRe to leverage and eventually maximise on long-term shareholder value.

Bank for International Settlements to grow membership roster

This is the first such expansion since 2011 and will take the number of members to 63.

Capitec’s finance boss just sold R118 million in shares - as investors believe the stock is overpriced

In the same month, Capitec head of risk management Nkosana Mashiya sold almost R13 million in Capitec shares.

IQ-EQ assists Nairobi-based Centum Capital with second fund launch

IQ-EQ has been appointed by Centum Capital, a Nairobi-based private equity manager, to support the launch of Centum Capital Fund II in 2020.

Expect a drone to drop by when you file an insurance claim

Nagtegaal says insurers have been experimenting with drones for about five years.

SA’s top performing unit trusts over 10 years

Which funds stand out over the long term?

Boon for African Small and Medium-Sized Enterprises

The African Guarantee Fund is focused on its goal to provide financial guarantees for over 10,000 SMEs annually through partner financial institutions and as a trickledown effect, create 30,000 jobs per year.

Egypt NBE arranges $16bln syndicated loans over last 3 years

The bank also ranked third on the African level, and seventh in the Middle East in terms of syndicated loans.

Boon for African Small and Medium-Sized Enterprises as African Guarantee Fund receives USD 33 Million Capital Increase

Banks and Safaricom to widen NSE dominance

Safaricom ended 2019 with an annual capitalisation gain of 42 percent

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